2021-03-26T14:35:18-05:00 2020-06-30 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2019-07-01 231522643 ALVERNIA UNIVERSITY ALVE 6107965600 400 SAINT BERNARDINE STREET READING PA 19607 JOHN MCCLOSKEY SVP & CHIEF OF STAFF 6107965600 2021-03-24 1 KERRI N BOGDA CPA P00760402 7177404863 2019 2022-09-23 18:48:47Z JOHN MCCLOSKEY 400 SAINT BERNARDINE STREET READING PA 19607 102068108 0 0928 X WWW.ALVERNIA.EDU X 1958 PA A FAST GROWING FRANCISCAN UNIVERSITY GROUNDED IN THE CATHOLIC AND LIBERAL ARTS TRADITIONS. 37 34 1440 50 120014 0 5081701 5938043 79781508 82351747 1288522 1104760 1354338 636772 87506069 90031322 23971763 26981495 0 0 33711816 35474313 0 0 1375718 27235438 27036137 84919017 89491945 2587052 539377 157362646 170646570 77576597 92102248 79786049 78544322 X ALVERNIA IS A FAST GROWING FRANCISCAN UNIVERSITY, GROUNDED IN THE CATHOLIC AND LIBERAL ARTS TRADITIONS, THAT COMBINES DIVERSE ACADEMIC OPPORTUNITIES WITH PERSONAL ATTENTION AND AN UNMATCHED COMMITMENT TO COMMUNITY SERVICE. CONTINUED ON SCHEDULE O. 0 0 74857164 26981495 82371247 CONDUCT, OPERATE AND MAINTAIN A COLLEGE FOR THE EDUCATION, TRAINING, AND SPIRITUAL GUIDANCE OF MEN AND WOMEN, WITH THE POWER TO CONFER UPON STUDENTS, WHO HAVE SUCCESSFULLY COMPLETED THE REQUIRED COURSES, THE DEGREE OF BACHELOR OF ARTS AND THE DEGREE OF BACHELOR OF SCIENCE, AND SUCH OTHER DEGREES AS MAY BE APPROVED AND AUTHORIZED BY THE DEPARTMENT OF EDUCATION OF THE COMMONWEALTH OF PENNSYLVANIA. THE COLLEGE HAS APPROXIMATELY 3,000 STUDENTS, INCLUDING UNDERGRADUATES, GRADUATES, AND PHD STUDENTS. APPROXIMATELY 33% OF THE FULL-TIME UNDERGRADUATE STUDENTS COME FROM BERKS COUNTY, PA, 43% FROM OTHER PENNSYLVANIA AREAS, AND 24% FROM OTHER STATES AND COUNTRIES. 74857164 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 142 0 1440 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 37 34 0 1 0 0 1 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JOHN MCCLOSKEY SVP & CHIEF OF STAFF 6107965600 400 SAINT BERNARDINE STREET READING PA 19607 THOMAS F FLYNN PHD FORMER PRESIDENT 0.00 X 469712 0 50759 DOUGLAS F SMITH VP-FINANCE & ADMIN (UNTIL 6/30/20) 40.00 X 209178 0 37886 JOHN R MCCLOSKEY JR SVP & CHIEF OF STAFF 40.00 X 203729 0 39652 CARL MARKS VP-CHIEF INFORMATION OFFICER 40.00 X 187680 0 34114 DEIDRA HILL VP-MARKETING 40.00 X 176455 0 37170 JOHN R LOYACK PRESIDENT (START 7/1/19) 40.00 X X 181565 0 31816 ANTHONY DEMARCO VP-INSTITUTIONAL ADVANCEMENT 40.00 X 166503 0 33312 THOMAS PORRAZZO ASSOC PROF/DEPT CHAIR 40.00 X 138035 0 34148 CHRISTOPHER WISE PROFESSOR 40.00 X 126528 0 31226 KAREN THACKER DEAN OF PROFESSIONAL PROGRAMS 40.00 X 128111 0 28694 TUFAN TIGLIOGLU ASSOC PROF/PHD DIR 40.00 X 128051 0 21149 JERRY GREINER FORMER PROVOST 0.00 X 136123 0 12445 VERA BRANCATO PROFESSOR 40.00 X 135688 0 11883 GLYNIS FITZGERALD PROVOST (START 7/1/19) 40.00 X 96266 0 17484 JULIANNE WALLACE VP-MISSION & MINISTRY (START 8/1/19) 40.00 X 87017 0 16436 MARY-ALICE OZECHOSKI VP-ENROLLMENT MGMT (START 11/4/19) 40.00 X 28355 0 2838 MICHAEL FROMM CHAIR 1.00 X X 0 0 0 GREGORY J SHEMANSKI VICE CHAIR 1.00 X X 0 0 0 SR DANIELLE MARIE KUBELSKY OSF SECRETARY 1.00 X X 0 0 0 HEIDI B MASANO ESQ UNIVERSITY COUNSEL 1.00 X 0 0 0 STEPHEN BANCO MD TRUSTEE 1.00 X 0 0 0 CHARLES F BARBERA MD TRUSTEE 1.00 X 0 0 0 PAULA BARRETT TRUSTEE 1.00 X 0 0 0 DAVID BEAVENS TRUSTEE 1.00 X 0 0 0 ANN BORZA TRUSTEE 1.00 X 0 0 0 SR MARILISA DA SILVA OSF TRUSTEE 1.00 X 0 0 0 ROBERT DAVIS TRUSTEE 1.00 X 0 0 0 TIMOTHY DIETRICH ESQ TRUSTEE 1.00 X 0 0 0 MICHAEL A DUFF TRUSTEE 1.00 X 0 0 0 ELSAYED ELMARZOUKY TRUSTEE 1.00 X 0 0 0 CHARLES FLYNN TRUSTEE 1.00 X 0 0 0 PAT GILES TRUSTEE 1.00 X 0 0 0 SR MADONNA MARIE HARVATH OSF TRUSTEE 1.00 X 0 0 0 ELLEN HUYETT ESQ TRUSTEE 1.00 X 0 0 0 SR ANTOINETTE KEISER OSF TRUSTEE 1.00 X 0 0 0 RACHEL A MAHER DMD TRUSTEE 1.00 X 0 0 0 DANIEL LANGDON TRUSTEE 1.00 X 0 0 0 SR DAVID ANN NISKI TRUSTEE 1.00 X 0 0 0 JEFFREY RUSH TRUSTEE 1.00 X 0 0 0 PETER RYE TRUSTEE 1.00 X 0 0 0 JEANNE SAVAGE TRUSTEE 1.00 X 0 0 0 PATRICK SHIELDS TRUSTEE 1.00 X 0 0 0 RALPH SIMPSONS JR TRUSTEE 1.00 X 0 0 0 PAUL TRUNK TRUSTEE 1.00 X 0 0 0 SR SHAUN KATHLEEN WILSON OSF TRUSTEE 1.00 X 0 0 0 C THOMAS WORK ESQ TRUSTEE 1.00 X 0 0 0 BENJAMIN J ZINTAK III TRUSTEE 1.00 X 0 0 0 STEPHEN NAJARIAN TRUSTEE 1.00 X 0 0 0 GUIDO M PICHINI TRUSTEE 1.00 X 0 0 0 KATHLEEN HERBEIN TRUSTEE 1.00 X 0 0 0 JAMES BOSCOV TRUSTEE 1.00 X 0 0 0 STEVEN M KOONS CPA TRUSTEE 1.00 X 0 0 0 THOMAS MINICK VP-INSTITUTIONAL ADVANCEMENT (START 4/1/20) 40.00 X 0 0 0 2598996 0 441012 25 1 1 0 BURKEY CORPORATION 506 MORGANTOWN ROAD READING PA 19611 CONSTRUCTION 2623627 ALADDIN 16567 COLLECTIONS CENTER DR CHICAGO IL 60693 FOOD SERVICES 2407973 WILEY EDUCATION SERVICES PO BOX 416571 BOSTON MA 022416571 EDUCATION SERVICES 1082199 SECURITY GUARDS INC PO BOX 6283 WYOMISSING PA 19610 SECURITY SERVICES 925236 EDUCATION ADVISORY BOARD PO BOX 603519 CHARLOTTE NC 28260 EDUCATION SERVICES 767330 36 7200 25532 3674515 2230796 57307 5938043 TUITION AND FEES 611710 70467646 70467646 AUXILIARY ENTERPRISES 611710 11884101 11884101 82351747 808166 808166 758 758 90558 78079 12479 12479 -13879 26358 12047464 184300 11777080 158848 270384 25452 295836 295836 22779 25532 22779 0 STUDENT FEES AND FINES 900099 274529 274529 EVENT INCOME 900099 133893 133893 COMMISSIONS AND REBATES 900099 79934 79934 135937 19500 116437 624293 90031322 82371247 120014 1602018 26981495 26981495 1867417 360064 1201461 305892 24674136 21448501 2901512 324123 1928588 1535357 348865 44366 5324394 4217323 963094 143977 1679778 1327341 304584 47853 352414 352414 84630 84630 49500 49500 80836 80836 8313800 5673137 2448077 192586 674381 7889 666492 1607139 1120307 443064 43768 2556003 1859440 680835 15728 259581 184069 52983 22529 146646 106069 36287 4290 2278176 2052637 207314 18225 5417590 4881248 493001 43341 465914 76781 389107 26 STUDENT SERVICES EXPENS 991892 991892 BAD DEBTS 769797 769797 REPAIRS AND MAINTENANCE 666699 315174 302679 48846 DISCOUNTS 601403 578121 22489 793 1719736 1090819 509542 119375 89491945 74857164 13259063 1375718 257221 795984 903896 4971742 3028344 2231108 2782559 3776946 274349 233128 941052 866627 192862255 68981295 122650441 123880960 22046993 20237843 4477791 5687104 0 7965128 157362646 170646570 6214814 6861774 1252572 1268706 56954046 72696466 8696703 642464 5922689 4458462 4710149 77576597 92102248 X 56840808 62286787 22945241 16257535 79786049 78544322 157362646 170646570 539377 -1781104 0 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 49500 49500 0 PART II-B, LINE 1: ALVERNIA WORKS WITH AN ORGANIZATION THAT HELPS THE UNIVERSITY OBTAIN EARMARKS THROUGH THE FEDERAL APPROPRIATIONS PROCESS. THIS ORGANIZATION ALSO HAS A GRANT DEPARTMENT THAT WORKS WITH ALVERNIA TO SEARCH FOR FUNDING SOURCES FROM PRIVATE FOUNDATIONS AND GOVERNMENT AGENCIES. 16650 X 0 17203745 904685 -387384 477620 17243426 16375404 804681 501581 344818 133103 17203745 15648597 34801 1257953 351837 214110 16375404 11568291 3017653 1422479 359826 15648597 9738276 2283621 -129431 324175 11568291 0.16050 0.83950 0.00000 0 0 5585178 5585178 136651080 40956941 95694139 26076936 18282910 7794026 24549061 9741444 14807617 123880960 AGENCY FUNDS 988243 GIFT ANNUITIES 31500 STUDENT DEPOSITS 2324231 FEDERAL LOAN PROGRAM ADVANCES 198221 CAPITAL LEASE OBLIGATIONS 1167954 4710149 X 61288745 -1781104 -27062331 -28843435 90132180 -100858 -100858 90031322 62530472 100858 100858 62429614 27062331 27062331 89491945 PART III, LINE 4: DURING FISCAL YEAR 2015, ALVERNIA UNIVERSITY RECEIVED AN ELLIOT CLOCK AS A DONATION. THE CLOCK IS ON DISPLAY AS A HISTORICAL TREASURE IN THE FRANCO LIBRARY FOR THE ENRICHMENT OF THE COLLEGE AND ITS STUDENTS. PART V, LINE 4: ALVERNIA UNIVERSITY'S ENDOWMENT FUNDS ARE USED FOR STUDENT SCHOLARSHIPS AND CAPITAL PURCHASES INCLUDING TECHNOLOGY AND DEFERRED MAINTENANCE. PART X, LINE 2: THE UNIVERSITY ACCOUNTS FOR UNCERTAINTIES IN INCOME TAXES IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE, WHICH PRESCRIBES A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD AT JUNE 30, 2020 AND 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID NETTED AGAINST REVENUE ON FINANCIALS -26,981,495. INVESTMENT FEES NETTED AGAINST REVENUE ON FINANCIALS -80,836. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -78,079. FUNDRAISING EVENTS EXPENSE -22,779. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 78,079. FUNDRAISING EVENTS EXPENSE 22,779. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID NETTED AGAINST REVENUE ON FINANCIALS 26,981,495. INVESTMENT FEES NETTED AGAINST REVENUE ON FINANCIALS 80,836. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE UNIVERSITY'S POLICY OF NON DISCRIMINATION IS INCLUDED IN ITS "UNIVERSITY CATALOG", FINANCIAL AID LITERATURE, BROCHURES, AND GENERAL ADVERTISING. SCHEDULE E, PART I, LINE 6 THE UNIVERSITY RECEIVES AN INSTITUTIONAL ASSISTANCE GRANT FROM THE COMMONWEALTH OF PENNSYLVANIA. THE UNIVERSITY RECEIVES FUNDS FROM THE FEDERAL DEPARTMENT OF EDUCATION UNDER STUDENT FINANCIAL ASSITANCE PROGRAMS. THE UNIVERSITY ALSO RECEIVES OTHER FEDERAL FUNDS EITHER DIRECTLY OR INDIRECTLY FROM THE U.S. DEPARTMENT OF LABOR OR THE U.S. DEPARTMENT OF JUSTICE. SCHLAGER GOLF OUTING 48311 25532 22779 2000 13841 6938 48311 25532 22779 2000 13841 6938 22779 0 1 INSTITUTIONAL SCHOLARSHIPS 2602 24866229 0 N/A N/A INSTITUTIONAL DISCOUNTS 302 787224 0 N/A N/A ENDOWED SCHOLARSHIPS 111 336150 0 N/A N/A HEERF CARES ACT STUDENT GRANT 823 991892 0 N/A N/A PART I, LINE 2: GRANT FUNDING IS AWARDED TO ELIGIBLE STUDENTS THROUGH THE ADMISSION PROCESS AS WELL AS THROUGH THE COMPLETION OF THE ANNUAL FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). UPON ACCEPTANCE TO THE UNIVERSITY, IF DETERMINED ELIGIBLE BY ADMISSIONS, TRADITIONAL UNDERGRADUATE STUDENTS ARE AWARDED WITH INSTITUTIONAL MERIT OR PARTNERSHIP AID. WHEN THE OFFICE OF STUDENT FINANCIAL PLANNING (SFP) PACKAGES STUDENT AID, THESE FUNDS ARE AWARDED TO THE ELIGIBLE STUDENT. ONCE THE STUDENT HAS FILED THE FAFSA FORM, ADDITIONAL AID INCLUDING FEDERAL AND STATE GRANT/LOAN FUNDS ARE AWARDED AS WELL. IF FINANCIAL AID FILES ARE COMPLETED WITH MISSING DOCUMENTATION, STUDENT AID AWARDS ARE REVIEWED AND REVISED AS NECESSARY. THE SFP OFFICE WORKS CLOSELY WITH THE STUDENT ACCOUNT OFFICE (SAO) TO RECONCILE INSTITUTIONAL, FEDERAL, AND GRANT FUNDING ON AN ONGOING BASIS THROUGHOUT THE ACADEMIC YEAR. REPORTS ARE RUN FROM THE SFP OFFICE AND SENT TO SAO TO REVIEW AND IDENTIFY ANY AID DISCREPANCIES. IF ANY ARE IDENTIFIED, THE AID IS ADJUSTED AS NECESSARY. THE SFP OFFICE REQUESTS A YEAR-TO-DATE FEDERAL PELL GRANT FILE FROM COD EVERY COUPLE OF MONTHS TO RECONCILE THE AWARDING, DISBURSEMENT, AND CANCELLATION OF A STUDENT'S GRANT AWARDS. AS THE AWARD YEAR COMES TO AN END, REPORTS MAY BE RUN ON A WEEKLY BASIS FROM THE SFP, SAO, AND COD SYSTEMS TO BE SURE ALL THE FUNDING AWARDED IS RECONCILED ACCURATELY. X 1 1 X X X X X X 0 0 0 0 0 0 0 1 0 THOMAS F FLYNN PHD FORMER PRESIDENT 469712 0 0 0 0 0 23658 0 27101 0 520471 0 0 0 DOUGLAS F SMITH VP-FINANCE & ADMIN (UNTIL 6/30/20) 198178 0 11000 0 0 0 20394 0 17492 0 247064 0 0 0 JOHN R MCCLOSKEY JR SVP & CHIEF OF STAFF 192729 0 11000 0 0 0 20006 0 19646 0 243381 0 0 0 CARL MARKS VP-CHIEF INFORMATION OFFICER 179180 0 8500 0 0 0 18142 0 15972 0 221794 0 0 0 DEIDRA HILL VP-MARKETING 167955 0 8500 0 0 0 17524 0 19646 0 213625 0 0 0 JOHN R LOYACK PRESIDENT (START 7/1/19) 181565 0 0 0 0 0 17957 0 13859 0 213381 0 0 0 ANTHONY DEMARCO VP-INSTITUTIONAL ADVANCEMENT 157503 0 9000 0 0 0 16922 0 16390 0 199815 0 0 0 THOMAS PORRAZZO ASSOC PROF/DEPT CHAIR 137035 0 1000 0 0 0 14502 0 19646 0 172183 0 0 0 CHRISTOPHER WISE PROFESSOR 125528 0 1000 0 0 0 13567 0 17659 0 157754 0 0 0 KAREN THACKER DEAN OF PROFESSIONAL PROGRAMS 125111 0 3000 0 0 0 13022 0 15672 0 156805 0 0 0 JERRY GREINER FORMER PROVOST 123123 0 13000 0 0 0 12445 0 0 0 148568 0 0 0 PART I, LINE 1A THE UNIVERSITY PAYS FOR SOCIAL CLUB DUES FOR THE PRESIDENT. THESE BENEFITS ARE NOT CONSIDERED TAXABLE INCOME AS THESE BENEFITS ARE FOR BUSINESS PURPOSES - THE SOCIAL CLUB MEMBERSHIP IS OWNED BY THE UNIVERSITY AND THE PRESIDENT USES IT AS PART OF HIS RESPONSIBILITIES. PART I, LINE 7 THE PRESIDENT'S BONUS IS APPPROVED ANNUALLY BY THE BOARD OF TRUSTEES. BONUSES FOR OTHER OFFICERS AND EMPLOYEES ARE BASED ON THE OVERALL PERFORMANCE OF THE UNIVERSITY AND PERSONAL GOAL ATTAINMENT BY THE EMPLOYEE. BONUSES FOR THE VICE PRESIDENTS ARE REVIEWED AND APPROVED BY THE PRESIDENT. A BERKS COUNTY MUNICIPAL AUTHORITY (SERIES 2019) 236647630 2019-12-11 52000000 SEE PART VI 0 0 0 B BERKS COUNTY MUNICIPAL AUTHORITY (SERIES 2020) 236647630 2020-02-01 21527132 SEE PART VI 0 0 0 A 52000000 535387 4271472 43793141 3400000 2019 1 0 0 1 B 21527890 1332758 302526 728528 12541129 6622950 2021 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 SCHEDULE K, PART I, BOND ISSUES: BOND ISSUE DATED 12/11/2019: (A) ISSUER NAME: BERKS COUNTY MUNICIPAL AUTHORITY (SERIES 2019) (B) DESCRIPTION OF PURPOSE: TO REFUND PRIOR DEBT, PAY THE COST OF ISSUANCE OF THESE BONDS, PROVIDE FOR A FUTURE CAPITAL PROJECT AND REIMBURSE THE UNIVERSITY FOR CERTAIN CAPITAL EXPENDITURES BOND ISSUE DATED 02/01/2020: (A) ISSUER NAME: BERKS COUNTY MUNICIPAL AUTHORITY (SERIES 2020) (B) DESCRIPTION OF PURPOSES: TO REFUND PRIOR DEBT, AND PAY THE COST OF ISSUANCE OF THE 2020 BONDS. ADDITIONALLY, PROCEEDS OF THESE BONDS ESTABLISH THE DEBT SERVICE RESERVE FUND AND PROVIDE FOR A FUTURE CAPITAL PROJECT SCHEDULE K, PART II, BOND PROCEEDS: PROCEEDS REPORTED IN PART II LINE 3 FOR THE 2020 BONDS ARE HIGHER THAN THE ISSUE PRICE IN PART I DUE TO INVESTMENT EARNINGS. GUIDO PICHINI TRUSTEE 925000 SEE PART V 0 JEFFREY RUSH TRUSTEE 261626 SEE PART V 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (D) DESCRIPTION OF TRANSACTION: - GUIDO PICHINI IS A TRUSTEE OF ALVERNIA AND THE PRESIDENT OF SGI, INC. SALES FOR CONTEGIX. ALVERNIA PAID SGI, INC. $925,000 FOR CAMPUS SECURITY AND CONSULTING SERVICES DURING THE FISCAL YEAR ENDING JUNE 30, 2020.- JEFFREY RUSH IS A TRUSTEE OF ALVERNIA AND THE REGIONAL PRESIDENT OF FULTON BANK. ALVERNIA PAID FULTON BANK $261,626 FOR INTEREST EXPENSES ON THEIR OUTSTANDING LINE OF CREDIT AND LONG-TERM DEBT DURING THE FISCAL YEAR ENDING JUNE 30, 2020. X 6 57307 CLOSING COST 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE TOTAL NUMBER OF CONTRIBUTORS. FORM 990, PART III, LINE 1 SITUATED ON A SCENIC 121-ACRE SUBURBAN CAMPUS IN HISTORIC BERKS COUNTY, PA, THE UNIVERSITY IS CONVENIENTLY LOCATED NEAR PHILADELPHIA (60 MILES) AND WITHIN AN EASY DRIVE OF NEW YORK, BALTIMORE, AND WASHINGTON DC. WITH A COLLEGE OF ARTS AND SCIENCES AND COLLEGE OF PROFESSIONAL STUDIES, ALVERNIA OFFERS MORE THAN 50 UNDERGRADUATE MAJORS AND MINORS INCLUDING PRE-PROFESSIONAL PROGRAMS IN MEDICINE, DENTISTRY, LAW, AND VETERINARY MEDICINE. THE UNIVERSITY ALSO PROVIDES A BROAD RANGE OF GRADUATE PROGRAMS AT THE MASTERS AND DOCTORAL LEVELS THROUGH ITS SCHOOL OF GRADUATE AND ADULT EDUCATION. THE UNIVERSITY'S MAIN CAMPUS IS LOCATED IN READING, PENNSYLVANIA, WITH SATELLITE SITES IN THE PHILADELPHIA AND SCHUYLKILL COUNTY AREAS. ALVERNIA SUPPORTS A STIMULATING AND CARING LEARNING COMMUNITY THAT IS WELCOMING TO MORE THAN 3,000 STUDENTS WHO HAIL FROM DIVERSE GEOGRAPHICAL, CULTURAL, AND RELIGIOUS BACKGROUNDS. THEY BENEFIT FROM FACULTY WHO ARE ACCOMPLISHED SCHOLARS AND SUPPORTIVE MENTORS. ALVERNIA STUDENTS ALSO ENJOY THE PERSONAL ATTENTION AFFORDED BY SMALL CLASS SIZES AND REAL WORLD APPLICATION OF THEIR STUDIES VIA AN EXTENSIVE NETWORK OF FIELD EXPERIENCES, INTERNSHIPS, AND SERVICE PROJECTS THAT DEVELOP SUCCESSFUL PROFESSIONALS AND ENGAGED CITIZENS. THROUGH A CUTTING EDGE PARTNERSHIP WITH THE ONLINE CONSORTIUM OF INDEPENDENT COLLEGES AND UNIVERSITIES, ALVERNIA OFFERS ACCESS TO MORE THAN 700 WEB-BASED COURSES AND PROVIDES A BOUNDARY-FREE APPROACH TO LEARNING. ALVERNIA IS ALSO A GREAT VALUE AMONG PRIVATE UNIVERSITIES, AND WORKS HARD TO KEEP COSTS AFFORDABLE FOR FAMILIES. IN FACT, WHEN COMPARED TO OTHER LEADING PRIVATE COLLEGES, THE UNIVERSITY'S UNDERGRADUATE TUITION COST IS LESS THAN THE NATIONAL AVERAGE. THE SCHOOL ALSO OFFERS GENEROUS SCHOLARSHIPS AND FINANCIAL AID TO HELP STUDENTS REALIZE THEIR COLLEGE DREAMS. ALVERNIA HAS ALWAYS VIEWED ITS ROLE AS A COMMUNITY PARTNER, A CONCEPT THAT IS VITAL TO OUR MISSION. THAT PARTNERSHIP TAKES ON MANY FORMS. THROUGHOUT OUR HISTORY, ALVERNIA HAS HAD POSITIVE IMPACT ON THE REGION AND CITY OF READING THROUGH TAXES PAID (PAYROLL AND REAL ESTATE); VOLUNTARY PAYMENTS MADE IN LIEU OF TAXES (PILOT); SERVICES RENDERED IN LIEU OF TAXES (SILOT); AS WELL AS DIRECT SPENDING RELATED TO STUDENTS, VISITORS, INSTITUTIONAL EXPENDITURES, AND EMPLOYEES WHO LIVE AND WORK IN THE AREA. ON AN ANNUAL BASIS, THE AMOUNT OF TAXES PAID, PILOT PAYMENTS, VALUE OF SILOT INITIATIVES, AND RENTAL DISCOUNTS (GIVEN TO THE READING POLICE ACADEMY) TOTALS NEARLY $150,000. THE TOTAL ECONOMIC IMPACT RELATED TO THE UNIVERSITY IS SIGNIFICANTLY HIGHER, ESTIMATED AT MORE THAN $50 MILLION ANNUALLY. AS ONE OF ONLY 22 FRANCISCAN INSTITUTIONS IN THE UNITED STATES, ALVERNIA'S VALUES-BASED LEARNING PHILOSOPHY IS GUIDED BY THE IDEAL OF "KNOWLEDGE JOINED WITH LOVE" THAT SHAPES BOTH ITS EDUCATIONAL PHILOSOPHY AND STRONG CAMPUS COMMUNITY. THE UNIVERSITY'S EMPHASIS ON DEVELOPING ETHICAL LEADERS WITH MORAL COURAGE IS BLENDED WITH A COMMITMENT TO SERVICE IN A CAMPUS ENVIRONMENT THAT PROVIDES STUDENTS THE IDEAL SETTING TO GROW AND DEVELOP. THE UNIVERSITY'S ATHLETIC TEAMS, THE GOLDEN WOLVES, COMPETE UNDER THE NATIONAL COLLEGIATE ATHLETIC ASSOCIATION DIVISION III AND ARE MEMBERS OF THE COMMONWEALTH CONFERENCE OF THE MIDDLE ATLANTIC STATES ATHLETIC CORPORATION, AS WELL AS MEMBERS OF THE EASTERN COLLEGE ATHLETIC CONFERENCE. ATHLETIC PROGRAMS INCLUDE MEN'S BASEBALL AND ICE HOCKEY; MEN'S AND WOMEN'S BASKETBALL, CROSS COUNTRY, GOLF, LACROSSE, SOCCER, TENNIS, AND TRACK AND FIELD; AND WOMEN'S CHEERLEADING, DANCE, FIELD HOCKEY, SOFTBALL, AND VOLLEYBALL. ALVERNIA'S FRANCISCAN HERITAGE INCLUDES A STRONG INTELLECTUAL TRADITION THAT RECOGNIZES AND VALUES THE IMPORTANCE OF DIVERSITY OF THOUGHT, FAITHS, AND CULTURES. THE UNIVERSITY CHALLENGES STUDENTS TO SHAPE THE WORLD AND TRANSFORM IT AS WORKING PROFESSIONALS, CONCERNED CITIZENS, AND CARING COMMUNITY MEMBERS, CONSISTENT WITH THE PRINCIPLES AND TEACHINGS OF SAINT FRANCIS OF ASSISI. THE BERNARDINE FRANCISCAN SISTERS, WHO FOUNDED ALVERNIA IN 1958, ARE MEMBERS OF THE THIRD ORDER REGULAR OF ST. FRANCIS. THE THIRD ORDER WAS A SPONTANEOUS PENITENTIAL LAY MOVEMENT INFLUENCED BY ST. FRANCIS AND THE EARLY BROTHERS AS THEY WORKED AND PREACHED IN CITIES AND TOWNS OF ITALY, ENCOURAGING PEOPLE TO LIVE THE GOSPEL AND EMBRACE A LIFE OF PENANCE IN THEIR OWN HOMES. SOME OF THESE PENITENTS EVENTUALLY DECIDED TO TAKE PUBLIC VOWS AND LIVE A COMMON LIFE, AND THE BERNARDINE FRANCISCAN SISTERS ARE ONE OF MANY RELIGIOUS CONGREGATIONS SHARING THIS THIRD ORDER CHARISM. AS A FRANCISCAN UNIVERSITY, ALVERNIA'S IDENTITY IS BASED ON LIFE CHANGING IDEALS THAT STRESS UNCONDITIONAL LOVE FOR ALL PEOPLE, COMPASSION, HUMILITY, AND FORGIVENESS THROUGH AN UNDERSTANDING OF THE GOSPELS OF JESUS CHRIST. CORE TO ITS MISSION IS THE BELIEF IN THE SANCTITY OF HUMAN LIFE AND THE PROTECTION OF HUMAN RIGHTS THROUGH ACTIVE PARTICIPATION IN THE ECONOMIC, POLITICAL, LEGAL, AND SOCIAL POLICY DIALOG THAT AFFECTS HUMAN DIGNITY. SERVICE, HUMILITY, PEACEMAKING, CONTEMPLATION, AND COLLEGIALITY ARE THE CORE VALUES OF ALVERNIA AND THE BERNARDINE FRANCISCAN SISTERS. THESE BASIC VALUES ARE INTENDED TO INFORM A WAY OF LIFE, A VIEW OF THE WORLD, AND A DEFINITION OF MEN'S AND WOMEN'S RELATIONSHIPS TO THEIR CREATOR THAT IS MORE RELEVANT TODAY THAN EVER BEFORE. ALVERNIA'S FRANCISCAN MISSION INFLUENCES ALL THAT IT DOES - ITS CURRICULUM AND CULTURE; WHAT THE UNIVERSITY TEACHES AND HOW IT IS TAUGHT. THIS CREATES A LEARNING ENVIRONMENT THAT ENCOURAGES STUDENTS TO FOLLOW THEIR INDIVIDUAL GIFTS TO TRANSFORM THEMSELVES AND THE WORLD AROUND THEM. FORM 990, PART VI, SECTION A, LINE 3 THE UNIVERSITY OUTSOURCES ITS HUMAN RESOURCE FUNCTION. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE CORPORATION SHALL SERVICE IN AN EX-OFFICIO CAPACITY AND SHALL CONSIST OF THE GENERAL MINISTER AND COUNCIL OF THE CONGREGATION OF BERNARDINE SISTERS OF THE THIRD ORDER OF ST. FRANCIS OF READING, PA. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS HAVE THE POWER TO DO THE FOLLOWING: - DETERMINE AND MAINTAIN THE IDENTITY, PURPOSE, AND FRANCISCAN AFFILIATION OF THE CORPORATION. - ADOPT, AMEND, REPEAL, OR ALTER THE ARTICLES OF INCORPORATION AND BYLAWS OF THE CORPORATION. - APPROVE THE SALE, PURCHASE, MORTGAGE, OR ENCUMBRANCE OF ANY REAL PROPERTY TRANSACTION GREATER THAN $3,000,000. - MERGE, CONSOLIDATE, DISSOLVE, OR EFFECT ANY FUNDAMENTAL CORPORATE REORGANIZATION OF THE CORPORATION. - DETERMINE DISTRIBUTION OF ASSETS UPON DISSOLUTION OF THE CORPORATION. - PARTICIPATE IN THE NOMINATING OF THE PRESIDENT OF THE BOARD OF TRUSTEES. - APPROVE THE USE OF THE NAMES "ALVERNIA", "BERNARDINE", AND "FRANCISCAN". - APPROVE THE ARTICLES OF INCORPORATION AND BYLAWS OF ANY SUBSIDIARY OR RELATED CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PRESENTED TO THE ADMINISTRATION FOR REVIEW AND DISCUSSION. ITEMS THAT NEED CLARIFICATION ARE THEN DISCUSSED WITH MANAGEMENT AND THE UNIVERSITY'S TAX ADVISORS / LEGAL COUNSEL. ONCE ITEMS ARE CLARIFIED AND ANSWERED, THE DRAFT FORM 990 IS PRESENTED TO THE AUDIT COMMITTEE WHERE THERE IS A DISCUSSION OF THE ENTIRE FORM, QUESTIONS ARE ANSWERED, AND A VOTE TO APPROVE IS CAST. ONCE APPROVED, A COPY IS MADE AVAILABLE TO THE FULL BOARD OF TRUSTEES VIA THE UNIVERSITY'S SECURE PORTAL. AFTER THE BOARD HAS HAD TIME TO REVIEW AND COMMENT, THE FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD OF TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT. THE VICE PRESIDENT FOR FINANCE AND ADMINISTRATION REVIEWS ALL OF THE STATEMENTS. ANYONE NOTED WITH A CONFLICT IS REQUIRED TO ABSTAIN FROM VOTING ON SUCH TRANSACTIONS. FORM 990, PART VI, SECTION B, LINE 15 ALVERNIA ENGAGES COMPENSATION CONSULTANTS (YAFFE & CO.) TO REVIEW NATIONAL COMPENSATION TRENDS AND MONITORS COMPENSATION AT OUR PEER INSTITUTIONS. THIS INCLUDES UTILIZING NATIONAL SURVEYS AND DATA BASES AS WELL AS THE CONSULTANTS' PROPRIETARY SURVEYS AND SPECIFIC REVIEW OF IRS FORMS 990 OF PEERS. THE CONSULTANT SERVES AS AN ADVISOR TO THE PRESIDENTIAL COMPENSATION SUB-COMMITTEE (BOARD CHAIR, VICE CHAIR, AND CHAIR OF FINANCE & BUSINESS AFFAIRS COMMITTEE). THE COMPENSATION COMMITTEE MAKES ITS RECOMMENDATIONS TO THE BOARD OF TRUSTEES. THE PRESIDENT'S PERFORMANCE IS REVIEWED BY THE BOARD OF TRUSTEES IN EXECUTIVE SESSION ON AN ANNUAL BASIS. THE UNIVERSITY ALSO USES THE SAME CONSULTING FIRM TO REVIEW THE VICE PRESIDENTS' COMPENSATION. SIMILAR COMPARISONS ARE MADE TO SURVEYS AND PEER GROUPS AS DISCUSSED ABOVE. RECOMMENDATIONS ARE THEN MADE TO THE PRESIDENT. THE VICE PRESIDENTS' SALARIES ARE THEN ALSO REVIEWED BY THE BOARD OF TRUSTEES. THE COMPENSATION DETERMINATION PROCESS IS DOCUMENTED EACH YEAR IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. BERNARDINE SISTERS OF THE THIRD ORDER OF ST FRANCIS 460 SAINT BERNARDINE STREET READING PA 19607 231691743 RELIGIOUS ORDER PA 501(C)(3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0